Aeris, an Internet of Things (IoT) market, on Wednesday announced that it has formed a partnership with MapmyIndia, which provides digital maps of India, global positioning system (GPS) navigation, tracking, location-based apps and geographic information system (GIS) solutions. The partnership will jointly address the market by offering geo-spatial intelligence based IoT solutions in India.

Both companies said they have decided to pursue opportunities jointly by developing solutions and offering services leveraging their respective areas of core competence.

The global IoT market is expected to cross $200 billion by 2020. The IoT market in India stood at $5.6 billion with 200 million connected devices in 2016. This is expected to grow to $15 billion with 2.7 billion devices by 2020 presenting a significant opportunity for technology and service providers.

“The world is moving from automatic to autonomous operations. The era of IoT is here and MapmyIndia, as always, is taking the lead. The partnership with Aeris, a pioneer in the IoT space, will go a long way in making the Indian businesses globally competitive. I am confident that the combination of MapmyIndia’s best-in-class mapping & GIS solutions and the pioneering IoT prowess and global experience of Aeris will be a big boon for not just the Indian businesses and enterprises but will benefit the whole country. This will act as a catalyst towards realizing the Prime Minister’s vision of Digital India,” said Rakesh Verma, managing director, MapmyIndia.

“We are witnessing the evolution of the IoT ecosystem globally with businesses recognizing the need to invest in technologies and solutions based on IoT. Our tie-up with MapmyIndia is primed towards helping businesses leverage the potential of IoT to realize business benefits that are multi-dimensional, innovation driven and transformative. I am confident that this will change the way verticals operate and companies perform,” said Rishi Bhatnagar, president, Aeris Communications.